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.* <br />�o��o�s7� <br />Loan Number: 0030014540 <br />Case Number: 34-34-6-0187611 <br />VA ASSUM PTION POLICY RIDER <br />THIS LOAN IS NOT ASS LE <br />WITHOUT THE APPROVAL OF THE <br />DEPARTMENT OF VETEI�;ANS AFF�!►IRS <br />OR ITS AUTHORIZED AGENT. <br />THIS ASSUMPTION POLICY RIDER is made this 2 3 rd day of FEBRUARY, 2 012 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Deed <br />to Secure Debt ("Instrument") of the same date herewith, given by the undersigned ("Mortgagor") to secure <br />the Mortgagor's Note ("Note") of the same date to BNC NATIONAL BANK <br />("Mortgagee") and covering the property described in the Instrument and located at: <br />2210 PIONEER BLVD, GR.AND ISLAND, NEBRASKA 68801 <br />(Properiy Address) <br />Notwithstanding anything to the contrary set forth in the Instrument, Mortgagee and Mortgagor hereby <br />acknowledges and agrees to the following: <br />GUARANTY: Should the Department of Veterans Affairs fail or refuse to issue its guaranty in full amount <br />within 60 days from the date that this loan would normally become eligible for such guaranty committed <br />upon by the Department of Veterans Affairs under the provisions of Title 38 of the U.S. Code "Veterans <br />Benefits", the Mortgagee may declare the indebtedness hereby secured at once due and payable and may <br />foreclose irnmediately or may exercise any other rights hereunder or take any other proper action as by law <br />provided. <br />TRANSFER OF T'HE PROPERTY: If all or any part of the Property or any interest in it is sold or <br />transfened, tlus loan shall be immediately due and payable upon transfer ("assumption") of the property <br />securing such loan to any transferee ("assumer"), unless the acceptability of the assumprion and transfer of <br />this loan is established by the Department of Veterans Affairs or its authorized agent pursuant to section 3714 <br />of Chapter 37, TiUe 38, United States Code. <br />An authorized transfer ("assumprion") of the property shall also be subject to addirional covenants and <br />agreements as set forth below: <br />VA ASSUMPTION POLICY RIDB� pQryysg/�� <br />VAPR.RDR 01/22/09 Page 1 of 2 www_doanagic.com <br />IIIIIIIuIIIIIIIIIuuII�IIIIIIIIIIIIuIIIIIIIIIIWUIII <br />